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Flatiron CLO 19 Ltd. a limited liability Cayman Islands entity, issued securities secured primarily by a portfolio of leveraged loans.

  • Closing Date: November 25, 2019
  • Stated Maturity: November 16, 2032
  • Stated Maturity (Class I Subordinated Notes): November 16, 2049
  • Reinvestment Period Ends: November 18, 2024
  • Assets: Leveraged Loans

 


Below is a breakdown of the capital structure at original issuance:

Security Issued S&P Ratings1 Amount of Issuance
(in millions)
Coupon/Spread
Class X Notes AAA     $1.500 LIBOR 0.85%
Class A Notes AAA $252.000 LIBOR 1.32%
Class B Notes AA   $52.000 LIBOR 1.90%
Class C Notes A   $24.000 LIBOR 2.70%
Class D Notes BBB-   $24.000 LIBOR 3.90%
Class E Notes BB-   $14.800 LIBOR 7.20%
Subordinated Notes NA   $38.895 NA


1. Original ratings at issuance. Ratings may change and tranche ratings may be different. A credit rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time by the assigning rating agency.

The information contained herein has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. If any offer of securities is made, it shall be made pursuant to a definitive offering circular prepared by or on behalf of a specific issuer which would contain material information not contained herein.


Mark Campellone 
Managing Director
Portfolio Manager

(212) 576-7400
mark_campellone@nylinvestors.com

Beth Standbridge 
Managing Director
Portfolio Manager

(212) 576-5144
beth_standbridge@nylinvestors.com

John Hendricks 
Senior Director
CLO Product Manager

(212) 576-6634
john_hendricks@nylinvestors.com

James Chiu
Senior Associate
CLO Product Specialist

(212) 576-6230
james_chiu@nylinvestors.com


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